Valencia’s Port Becomes a ‘Smart Port’ via Blockchain Technology

Spain’s one of the biggest ports in Valencia is becoming a “smart port” –via blockchain technology. The announcement published on October 3, on the port’s official website.

Port Authority of Valencia’s new technology application responsible Jose Garcia De La Guia, clarifies that they believe blockchain technology is not only affects positively the Valencia’s port development but also various international ports:

“Starting from Valencia, we offer to use blockchain as a strategic option to provide transparency of logistic chain, from end to end, going further than our port itself. That means we’re planning to apply cloud technologies not only with our partners from Port Community Systems but also with all others.”

De La Guia also states blockchain could help to establish ‘ports without papers’, to decrease time spent on maintenance, to reduce the costs, as well as to improve the resources globally.

The declaration was made during the Smart Ports & Supply Chain Technologies conference in Rotterdam, Netherlands. Various representatives from Antwerp, Belgium and from Algeciras, Spain as well as many officials from the port of Valencia attended to the conference.

Blockchain Technology has a wide range of use cases by international ports to develop logistics. U.K.’s pioneer port Associated British Ports (ABP), for example, will soon participate in pilot shipments using decentralized solutions. Denmark has also announced that they prepare to apply blockchain technology for local ship records. It is also worth to mention, that Abu Dhabi Ports have declared a national logistical blockchain technology system.

Spain is known as its positive stance on blockchain use cases. Spanish community of Aragon, for example, has freshly stated it would execute blockchain in communal administration. Additionally, Catalonia is also very attracted to use decentralized solutions. Thus, social problems could be solved.